Skip navigation
logo
(AFX UK Focus) 2009-11-04 14:42
BRIEF-B2Gold says Orosi mine construction 95 pct complete
Article layout: raw

Nov 4 (Reuters) - B2Gold Corp:

  • SAYS CONSTRUCTION OF THE OROSI MINE IN NICARAGUA IS 95 PERCENT COMPLETE AND
    remains on schedule for completion

  • SAYS OROSI MINE IS PROJECTED TO PRODUCE AN AVERAGE OF 80,000 TO 90,000 OUNCES
    of gold per year

  • SAYS GOLD PRODUCTION FOR 2010 IS PROJECTED TO BE ABOUT 120,000 TO
    130,000 ounces

  • SEES ESTIMATED CASH COSTS OF ABOUT $490 TO $500 PER OUNCE AT OROSI

  • SAYS SIGNED A COMMITMENT LETTER FOR A US$20 MILLION SECURED REVOLVING CREDIT
    facility with Macquarie Bank

  • CURRENTLY IN DISCUSSIONS WITH JV PARTNER ANGLOGOLD ASHANTI REGARDING FURTHER
    exploration of gramalote property

  • SAYS TOTAL CONSTRUCTION COST FOR OROSI IS NOW ESTIMATED AT ABOUT
    US$62 million

    ((Bangalore Equities Newsroom; +91 80 4135 5800; within U.S. +1 646 223 8780)) (For more news, please click here)

    COPYRIGHT

    Copyright Thomson Reuters 2009. All rights reserved. The copying, republication or redistribution of Reuters News Content, including by framing or similar means, is expressly prohibited without the prior written consent of Thomson Reuters.

    		•
    Re-organisations, re-structurings, name changes, AGM, EGM
    Article layout: raw
    Jump back to site navigation